Money down on a car is another term for a down payment. Depending on the type of auto loan you apply for, a down payment may or may not be required.
Your trade-in can be used as a down payment on your next car loan. As long as there's equity, you shouldn't have an issue trading in your current vehicle. If you have negative equity, you need to decide how you want to handle the trade-in process.
Charles Higgins has been in the automotive industry now for over 17 years. He has built a career by helping people with unique credit situations get financing. Charles believes everyone deserves the chance to build their credit while driving a reliable vehicle. Contact Charles today for your all of your credit needs.